Quarterly ResultMay 5, 2026, 04:40 PM
Veeco Q1 Net Loss $0.32M; Sales Down 5.3%; Axcelis Merger Pending
AI Summary
Veeco Instruments reported a net loss of $0.32 million for the first quarter of 2026, a significant decline from a net income of $11.95 million in the same period last year. Net sales decreased by 5.3% to $158.34 million. The company also incurred $2.01 million in merger-related costs during the quarter, as it continues with its pending merger with Axcelis Technologies, Inc., announced in September 2025.
Key Highlights
- Veeco reported a Q1 2026 net loss of $0.32 million, down from $11.95 million net income in Q1 2025.
- Net sales for Q1 2026 decreased 5.3% to $158.34 million from $167.29 million year-over-year.
- Basic EPS was $(0.01) in Q1 2026, compared to $0.21 in Q1 2025.
- The company incurred $2.01 million in merger costs during Q1 2026.
- Net cash provided by operating activities was $7.94 million, down from $19.99 million in Q1 2025.
- Cash and cash equivalents increased to $179.54 million as of March 31, 2026.
- Total assets stood at $1.35 billion, and total liabilities at $469.31 million as of March 31, 2026.
Price Impact
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